Banco BBVA Argentina S.A. (NYSE:BBAR – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 2,090,000 shares, a growth of 16.1% from the June 30th total of 1,800,000 shares. Based on an average daily volume of 928,300 shares, the short-interest ratio is presently 2.3 days.
Analysts Set New Price Targets
Separately, StockNews.com cut Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th.
View Our Latest Stock Analysis on BBAR
Institutional Investors Weigh In On Banco BBVA Argentina
Banco BBVA Argentina Price Performance
Shares of Banco BBVA Argentina stock opened at $8.57 on Wednesday. Banco BBVA Argentina has a 52-week low of $3.78 and a 52-week high of $11.87. The stock’s 50-day simple moving average is $9.56 and its 200 day simple moving average is $8.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.25 and a current ratio of 0.82.
Banco BBVA Argentina (NYSE:BBAR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The bank reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Banco BBVA Argentina had a net margin of 4.00% and a return on equity of 10.04%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $684.47 million. On average, equities research analysts forecast that Banco BBVA Argentina will post 1.48 earnings per share for the current fiscal year.
Banco BBVA Argentina Increases Dividend
The company also recently disclosed a — dividend, which will be paid on Friday, August 9th. Investors of record on Friday, August 2nd will be paid a $0.5134 dividend. This is a boost from Banco BBVA Argentina’s previous — dividend of $0.11. The ex-dividend date of this dividend is Friday, August 2nd. Banco BBVA Argentina’s payout ratio is currently 63.29%.
Banco BBVA Argentina Company Profile
Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.
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